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I'm curious, what do ex-founders generally do after their startup is dead? For me I just got a job after my first few ones died, until I was able to succeed at
by satvikpendem 2y ago
I'm curious, what do ex-founders generally do after their startup is dead? For me I just got a job after my first few ones died, until I was able to succeed at my current ones, but I'm sure many might just continue working a job indefinitely.
- noduerme 2y agoI don't think a lot of founders actually write code, but I did, I just realized my startup was probably going to be illegal soon and also that it wasn't going to get the funding it needed. I just kept writing code for whoever wanted to pay. It's fairly lucrative. Looking back, maybe I should have just done the illegal thing and gotten pardoned.
- kiney 2y agonow I'm curious about the illegal thing
- CamelCaseName 2y agoSeems like Bitcoin casino (from bio)
- jsemrau 2y agoMight have worked in a different jurisdiction. If you look at valve and the CSGO controversy.
- deleted 2y ago[deleted]
- netsharc 2y agoGotta love the jumping on the criminality bandwagon... Louis Brandeis says hello. https://www.azquotes.com/quote/1062178 https://www.azquotes.com/quote/1062178
- xenospn 2y agoFun fact: my kibbutz is named after him. He bought the land from the local Palestinians.
- sebmellen 2y agoI know some (YC and others) who float around doing nothing on $200k a year in salary because no investor cares enough, or has the legal right, to get their money back. Not sure what their long-term game plan is. The others end up at another Series B+ startup or go to a MANGA company if they can grind leetcode for a bit and get an interview.
- tinco 2y agoThey pay themselves 200k/y in a pre-market fit startup? That's insane and I guess on the investors for going over the traditional preseed amounts. Or do you mean that they're zombie startups that make enough to pay the founder 200k/year?
- xenospn 2y agoI think a lot of gen z founders see nothing wrong with paying themselves a FAANG salary. My generation, not so much (I’m 45).
- leetrout 2y agoI worked at a startup where the founders were your age and paid themselves that much while holding their majority stake in stock. We had open salary bands so we were all paid OK - especially our couple ~entry level folks at $100-120k. It was strange times in my eyes, though. They hired an HR person whose first act was to raise the c-suite salaries to market rate ($200k+) while the business still had negligible income but closed a round. It is good to be in the owner class, I guess.